Business RIL invests $1 million in its Abu Dhabi-based subsidiary Reliance International.
Category Archives: Business
The new dot com bubble is here: it’s called online advertising
Business The market is enormous. The amount of money spent on internet advertisements increases year after year. According to the research firm eMarketer, more than $273 billion in digital advertising was spent globally in 2018. The majority of those advertisements were purchased from two companies: Google ($116 billion in 2018) and Facebook ($54.5 billion inContinue reading “The new dot com bubble is here: it’s called online advertising”
BharatPe Co-Founder Shashwat Nakrani, a 23yo IIT dropout, is the youngest self-made Indian on the IIFL Wealth Hurun India Rich List 2021.
Business Shashwat Nakrani, then 19, created the BharatPe QR Code in collaboration with Ashneer Grover four years ago today, in 2018. Today, Bharatpe is so successful that Shashwat’s name appears on the IIFL Wealth Hurun India Rich List 2021 as the youngest self-made individual. Nakrani is one of 13 people on the Hurun India RichContinue reading “BharatPe Co-Founder Shashwat Nakrani, a 23yo IIT dropout, is the youngest self-made Indian on the IIFL Wealth Hurun India Rich List 2021.”
Musk, Bezos set to offer broadband in India
Business Jeff Bezos and Elon Musk are the two richest businessmen in the world. They will compete with Airtel’s Sunil Mittal and Reliance Jio’s Mukesh Ambani in the high-speed broadband and Internet sectors because they have already competed with the Indian government. Contacted and proposed a separate plan to provide a satellite-based Internet. The connectivityContinue reading “Musk, Bezos set to offer broadband in India”
The Coal Crisis Worsens Due to Increased Power Demand and Record Global Rates
Business Prices for power-generation fuels are rising globally as industrial growth boosts electricity demand, causing coal and liquefied natural gas supplies to tighten.
With a $700 million port deal in Sri Lanka, India counters China.
World The Sri Lanka Ports Authority (SLPA) announced the signing of an agreement with India’s Adani Group to construct a new terminal adjacent to a $500 million Chinese-run jetty at the sprawling port in Colombo.
Due to a chip shortage, Opel has decided to close its German plant until 2022.
Business Opel, a subsidiary of Stellantis (STLA.MI), announced on Thursday that it will close one of its German plants until at least the end of the year due to chip shortages. Production at the Eisenach plant, which produces internal combustion engine and hybrid electric vehicles, is expected to resume in 2022, though an Opel spokespersonContinue reading “Due to a chip shortage, Opel has decided to close its German plant until 2022.”
Sanjay Bhargava to lead Elon Musk’s Starlink satellite broadband business in India
Business Bhargava will join SpaceX as Starlink’s country director on October 1, 2021, as the Musk-led US aerospace company prepares to compete with Bharti group-backed OneWeb and others in the launch of fast satellite broadband services in India next year.
Kunal Shah of CRED believes that self-regulation will save the fintech ecosystem
Business CRED’s Kunal Shah expressed concern at the Global Fintech Fest that the ease of access to funding is reducing the average experience of fintech founders. Fintech products and timing of offering will be key differentiators for startups, according to him.
Softbank leads a $200 million funding round for Ola Electric, which is worth $3 billion.
Business The funding round, according to Ola Electric, will help it accelerate development of other vehicle platforms, such as an electric motorbike and a mass market scooter.
Goodbye Ordnance Factory Board: A 220-year-journey ends
India OFB controls 41 factories and employs more than 70,000 people. Its annual turnover is approximately 19,000 crore rupees. All of these will be divided into seven defense public sector units (DPSU), wholly owned by the government. The seven successor DPSUs are:Indian munitionsArmored car NigamIndia’s advanced weapons and equipmentForce comfortYantra IndiaOptel, IndiaIndian gliderAll seven DPSUsContinue reading “Goodbye Ordnance Factory Board: A 220-year-journey ends”
newsB media 